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Late Equity Roundup: Late Bounce Into Triple Witching

US STOCKS

Stocks weaker but off mid-July lows in late FI trade, late bounce heading into triple witching (stock options, stock index futures, and stock index options expire).

  • Energy, Industrials and Materials continue to underperform while early profit warning headlines weighed heavily on FedEx (-44.07 to 160.90, -21.5%!) and Dow components. Currently, SPX eminis trade -31.0 (-0.79%) at 3888.5; DJIA -152.5 (-0.49%) at 30813.43; Nasdaq -117.6 (-1%) at 11434.93.
  • SPX leading/lagging sectors: Consumer Staples (+0.26%), Utilities (steady) and Health Care outperformed (-0.38%). Laggers: As noted, Energy (-2.12%) weighed by Coterra Energy (CTRA) -6.76%, Halliburton (HAL) -3.54% and Devon Energy (DVN) -4.16%. Industrials (-2.45%) and Materials (-1.88%) followed.
  • Dow Industrials Leaders/Laggers: Home Depot HD) +4.01 at 275.55, Amgen (AMGN) +2.48 at 230.14, JNJ +2.12 at 167.20, Proctor Gamble (PG) +1.45 at 138.89. Laggers: Goldman Sachs (GS) -7.10 at 324.52, Boeing (BA) -6.22 at 143.72, American Express (AXP) -4.03 at 152.10
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Stocks weaker but off mid-July lows in late FI trade, late bounce heading into triple witching (stock options, stock index futures, and stock index options expire).

  • Energy, Industrials and Materials continue to underperform while early profit warning headlines weighed heavily on FedEx (-44.07 to 160.90, -21.5%!) and Dow components. Currently, SPX eminis trade -31.0 (-0.79%) at 3888.5; DJIA -152.5 (-0.49%) at 30813.43; Nasdaq -117.6 (-1%) at 11434.93.
  • SPX leading/lagging sectors: Consumer Staples (+0.26%), Utilities (steady) and Health Care outperformed (-0.38%). Laggers: As noted, Energy (-2.12%) weighed by Coterra Energy (CTRA) -6.76%, Halliburton (HAL) -3.54% and Devon Energy (DVN) -4.16%. Industrials (-2.45%) and Materials (-1.88%) followed.
  • Dow Industrials Leaders/Laggers: Home Depot HD) +4.01 at 275.55, Amgen (AMGN) +2.48 at 230.14, JNJ +2.12 at 167.20, Proctor Gamble (PG) +1.45 at 138.89. Laggers: Goldman Sachs (GS) -7.10 at 324.52, Boeing (BA) -6.22 at 143.72, American Express (AXP) -4.03 at 152.10